Recorded on 21 May, we looked at our asset backed BR solution, TIME:Advance, and explored the diverse planning opportunities it offers.
Inheritance Tax (IHT) revenues have increased year on year and are estimated to have hit £5.4 billion for the last tax year. Unsurprisingly, the number of investors seeking tax-efficient investment solutions has increased in response, as more people struggle to find effective ways to pass on their assets to loved ones after death.
A growing market of Business Relief (BR) solutions now offers investors the opportunity to mitigate their IHT liabilities by investing in the shares of unquoted businesses, which qualify for tax relief. BR solutions can offer a 100% exemption from IHT in just two years, making them a speedy and efficient alternative to more conventional estate planning options such as trusts and gifting.
During this webinar Henny Dovland, Senior Business Development Manager at TIME Investments, used practical case studies to bring TIME:Advance and BR to life demonstrating how it can work in various scenarios. This can help you to identify how your clients could stand to benefit from an investment into a BR estate planning solution.
Client scenarios included:
• BR and its compatibility with power of attorney cases
• Utilising trust planning in conjunction with BR
• RNRB and how to solve the ‘taper’ problem
• Dealing with excess cash in a trading business
Posted: 22/05/2019 Categories: Events, Inheritance Tax, News, TIME:Advance